Shipping Corporation of India Faces Technical Trend Shifts Amid Market Volatility

Shipping Corporation of India has recently undergone an evaluation revision, reflecting the company's current market dynamics within the shipping industry. The stock is categorized as a small-cap entity, currently priced at 45.93, with a previous close of 44.25. Over the past year, the stock has seen a high of 108.56 and a low of 35.65, indicating significant volatility.
In terms of technical indicators, the weekly MACD and KST are showing bearish signals, while the daily moving averages also reflect a bearish trend. The Relative Strength Index (RSI) presents a bullish outlook on a weekly basis, contrasting with the overall bearish sentiment. The Bollinger Bands indicate a mildly bearish trend on a weekly basis, while the On-Balance Volume (OBV) shows a mildly bearish stance weekly but a bullish trend monthly.

When comparing the company's performance to the Sensex, the stock has experienced a notable decline. Over the past week, it has returned -5.96%, while the Sensex returned -1.17%. In the month, the stock's return was -25.09% compared to the Sensex's -5.80%. Year-to-date, the stock has declined by 27.22%, while the Sensex has only seen a drop of 5.64%. These figures highlight the challenges faced by Shipping Corporation of India in the current market environment.